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Kirby McInerney LLP Announces Investigation of Claims Against Horizon Technology Finance Corporation (HRZN) on Behalf of Investors
HRZNHorizon Technology Finance(HRZN) Newsfilter·2025-03-28 00:00

Core Viewpoint - Horizon Technology Finance Corporation is under investigation for potential violations of federal securities laws and unlawful business practices, following disappointing financial results that led to a significant drop in share price [1][3]. Financial Performance - For the fourth quarter and full year ended December 31, 2024, Horizon reported total investment income of 23.5million,whichwasbelowtheconsensusestimateof23.5 million, which was below the consensus estimate of 26.1 million and represented a decline both year-over-year and from the previous quarter [3]. - The net asset value per share decreased to 8.43from8.43 from 9.06 in the previous quarter, attributed to "stressed investments" by the CEO [3]. - Following the announcement of these results, Horizon's share price fell by 0.95,closingat0.95, closing at 8.65 on March 5, 2025, down from $9.60 on March 4, 2025 [3].